Junk-bond default rate
shows signs of declining

Rising U.S. junk-bond default rates may return to low levels toward the start of the next decade, enough to revive the leveraged-buyout market, according to research from Fridson Investment Advisors.

Martin Fridson, chief executive of investment manager Fridson Investment Advisors said in a note to clients there had been a higher quality of newly issued high-yield bonds this year, which could reverse the rise in junk default...